Determine the balance in the Cash ledger

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Question - After initially investing $90,000 into his consulting company, the business had the following transactions in the month of March: Fee income of $75,000 ($57,000 earned in cash and the rest charged to clients), cash purchase of office equipment for $1,500, advertising expense of $3,500, telephone expense of $475, prepaid rent of $10,000. Based on the following information determine the balance in the Cash ledger?

Reference no: EM132885800

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